STATEMENT FROM THE INSURED RETIREMENT INSTITUTE ON PRESIDENT TRUMP’S EXECUTIVE ORDER EXPANDING ACCESS TO RETIREMENT PLANS

WASHINGTON, D.C. - The Insured Retirement Institute (IRI) issued a statement by Wayne Chopus, President and CEO, in response to President Donald Trump's executive order to expand access to retirement savings accounts to workers who do not have access to employer-provided retirement plans.

"IRI welcomes President Trump's executive order aimed at expanding access to retirement savings opportunities for millions of American workers, especially those who currently lack access to an employer-provided plan.

This action is a positive step toward helping those least likely to save gain access to the tools they need to start building retirement financial security. We are particularly encouraged by the Administration's effort to connect this expanded access to the Saver's Match established under SECURE 2.0-a provision strongly supported by IRI-to help eligible workers take advantage of a matching contribution from the government.

We appreciate the Administration's decision to expand opportunities to save for retirement without creating a new government-run program. Instead, this approach builds on the existing private-sector retirement system, consistent with IRI's recommendations in our letter to the President following his State of the Union address. It is a practical solution that can bring more workers into the retirement system, and we look forward to learning more about how it will be implemented.

At the same time, IRI has recommended to the Administration that this initiative expand access to protected, guaranteed lifetime income solutions, such as annuities. These solutions are essential to helping workers and retirees address the real risk of outliving their savings by providing a sustainable stream of income throughout retirement."

IRI remains committed to working with the Administration and Congress on bipartisan, common-sense policies, like many in our 2026 Federal Retirement Security Blueprint, that build on the progress of the SECURE Act and SECURE 2.0 and help millions more workers and retirees achieve a secure and dignified retirement."

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